Harwood Feffer LLP Announces Investigation of Western Refining, Inc.

NEW YORK, Nov. 17, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Western Refining, Inc. ("Western Refining" or the "Company") (NYSE: WNR) concerning the proposed acquisition of the Company by Tesoro Corporation ("Tesoro").

Under the terms of the offer, Tesoro would acquire Western Refining in a transaction valued at approximately $6.4 billion. Pursuant to the deal, Western Refining stockholders will receive their election of 0.4350 shares of Tesoro or $37.30 in cash for each share of Western Refining owned.

Our investigation concerns whether the Western Refining board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.

If you own Western Refining shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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